Sterilization Equipment Market

Sterilization Equipment Companies - STERIS Corporation (US) and Sotera Health (US) are the Leading Players

The global sterilization equipment market is valued at an estimated USD 16.8 billion in 2024 and is projected to reach USD 24.7 billion by 2029, at a CAGR of 7.9% during the forecast period. The sterilization equipment market is driven by the growing number of surgeries, rising incidence of hospital-acquired infections (HAIs) and increasing outsourcing of sterilization services among pharmaceutical companies, medical device manufacturers, and hospitals. According to the World Health Organization (WHO), of every 100 hospitalized patients at any given time, seven patients in developed countries and ten patients in developing countries acquire at least one healthcare-associated or hospital-acquired infection. Sterilization equipment is crucial for preventing and controlling the spread of such infections hence supporting the overall market growth.

The in sterilization equipment market is highly consolidated, with top companies holding significant market shares.

The top five players in this market include:

  • STERIS Corporation (US),
  • Sotera Health (US),
  • Fortive (US),
  • 3M (US),
  • Getinge AB (Sweden) and many more....

Companies undertake organic and inorganic growth strategies, namely product launches and approvals, expansions, agreements, and acquisitions/collaborations to increase their product offerings, address customer requirements, augment profitability, and strengthen their presence in the global market.

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STERIS CORPORATION (US):

Steris Corporation account for the largest share of sterilization equipment market in 2023. STERIS possesses a promising array of sterilization products and services within its portfolio. The company's extensive product range stands out as a key strengh. Additionally, STERIS offers a diverse selection of contract processing services, such as electron beam processing, gamma irradiation utilization, and EtO technologies, alongside a variety of laboratory testing services. Healthcare providers, pharmaceutical companies, and medical device companies constitute the major end users of STERIS's products and services. Operating across more than 100 countries spanning Asia, Europe, Latin America, and North and South America, the company has strategically positioned itself, securing a leading position in the sterilization equipment market.

SOTERA HEALTH (US):

Sotera Health (US) held the second largest share of the sterilization equipment market in 2023. Sotera Health has a robust portfolio comprising gamma irradiation services, electron beam (E-beam) irradiation services, EO processing services, and X-ray irradiation services. The company operates 23 facilities dedicated to gamma irradiation services, 17 facilities specializing in EO processing services, and eight facilities offering electron beam (E-beam) irradiation services. Notably, Sotera Health holds a prominent position in the North American market, with a primary revenue stream originating from the US, closely followed by Canada. This strategic positioning underscores its leadership status in the industry.

FORTIVE (US):

Fortive (US) held the third largest share of the sterilization equipment market in 2023. Fortive’s offerings in the sterilization equipment market encompass antimicrobial hand gels, enzymatic detergents, chemical indicators, biological indicators, and instrument trays. Fortive demonstrates a broad global presence, facilitated by its Research and Development (R&D), manufacturing, sales, distribution, service, and administrative facilities situated in more than 50 countries spanning North America, the Asia Pacific, Europe, and Latin America. This extensive network underscores the company's wide-ranging influence and accessibility in key regions globally.

Global Manufacturers:

These companies are typically involved in manufacturing a wide range of sterilization equipment for various industries, including healthcare, pharmaceuticals, food and beverage, and research laboratories. Here are ten global manufacturers in this market:

  • Getinge Group (Sweden),
  • Belimed AG (Switzerland),
  • Advanced Sterilization Products (ASP), a subsidiary of Johnson & Johnson (United States),
  • Cantel Medical Corp. (United States),
  • Matachana Group (Spain),
  • MMM Group (Germany),
  • Systec GmbH (Germany),
  • Tuttnauer (Israel) and many more....

These companies play significant roles in providing sterilization equipment and solutions globally, catering to various industries such as healthcare, pharmaceuticals, biotechnology, and research.

Getinge Group (Sweden):

Headquartered in Gothenburg, Sweden, Getinge is a global medical technology company that provides equipment and systems for healthcare and life sciences. They offer a diverse range of sterilization solutions, including steam sterilizers, low-temperature sterilizers, and hydrogen peroxide sterilizers.

Belimed AG (Switzerland):

Belimed, headquartered in Zug, Switzerland, specializes in infection control and sterilization solutions for hospitals, pharmaceutical and biotechnology companies, and research institutions. Their products include steam sterilizers, washer-disinfectors, and sterilization validation services.

Advanced Sterilization Products (ASP), a subsidiary of Johnson & Johnson (United States):

ASP, based in California, is a global leader in sterilization and disinfection solutions for healthcare facilities. They offer products like low-temperature hydrogen peroxide sterilizers and chemical indicators for sterilization monitoring.

Cantel Medical Corp. (United States):

Cantel, headquartered in New Jersey, specializes in infection prevention and control products for the healthcare industry. Their portfolio includes sterilization equipment, endoscope reprocessing systems, and water purification systems.

Matachana Group (Spain):

Matachana, based in Barcelona, Spain, is a leading manufacturer of sterilization equipment for hospitals, pharmaceutical companies, and research laboratories. They offer a range of steam sterilizers, ethylene oxide sterilizers, and washer-disinfectors.

MMM Group (Germany):

MMM Group, headquartered in Munich, Germany, specializes in sterilization and disinfection solutions for hospitals, laboratories, and the pharmaceutical industry. Their product range includes steam sterilizers, low-temperature sterilizers, and endoscope reprocessing systems.

Systec GmbH (Germany):

Systec, based in Germany, is a manufacturer of autoclaves and media preparators for laboratory and research applications. They offer a variety of steam sterilizers for sterilizing laboratory instruments, media, and waste.

Tuttnauer (Israel):

Tuttnauer, headquartered in Beit Shemesh, Israel, is a manufacturer of sterilization and infection control equipment for healthcare facilities, laboratories, and research institutions. Their product line includes autoclaves, sterilizers, and washer-disinfectors.

Related Reports:

Sterilization Equipment Market by Product (Instruments, Accessories (Pouches, Lubricants)), Services (Off-site, On-site), Technology (Heat (Steam, Dry), Low- temperature (H2O2, EtO, CH2O), Radiation (E-beam, Gamma, X-Ray)) - Global Forecast to 2029

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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[email protected]

Sterilization Equipment Market Size,  Share & Growth Report
Report Code
MD 2149
RI Published ON
4/18/2024
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